[CPEO-BIF] Whittaker-Bermite site, Santa Clarita, California

[Lenny Siegel <lsiegel@cpeo.org>]

Prime land awaiting its future
New life ahead for property

By Eugene Tong, Staff Writer 
Los Angeles Daily News
December 26, 2005

SANTA CLARITA - With the legal impasse that has blocked development of
the Whittaker-Bermite property near resolution, local leaders are
looking forward to the filling 996 acres of prime real estate in the
Santa Clarita's center with homes, roads and business, and perhaps
bridge the city's east and west halves.

An Arizona bankruptcy court is overseeing the last phases of settlement
from Remedial Financial Inc., the Phoenix-based owner of the
contaminated property off Soledad Canyon Road that went belly-up in
2004, before it could fulfill promises of clean-up and development.

A legal resolution means the property could be up for bid in early 2006,
a toxic piece of real estate that could prove a gold mine for builders
with the right mix of pollution remediation and urban planning know-how.
Irvine-based SunCal Cos. and North Carolina-based Cherokee Investment
Partners are among the suitors.

...

For the entire article, see
http://www.dailynews.com/santaclarita/ci_3343897

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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